Comoros - Institutional Capacity Building Project – Phase II

The proposed operation relates to the second phase of the Institutional Capacity Building Project (ICBP II) of Comorian Government departments to mobilize internal resource and implement the country’s development strategy. The project aims to support the Comoros Islands in their efforts to exit from their situation of fragility. This second phase is justified by the need to consolidate the achievements of ICBPI and carry out activities complementary to those financed by ICBP I in Public Financial Management (PFM) and economic governance. To achieve this objective, ICBP II has two operational components, namely: (i) improvement of internal resource mobilization; and (ii) improvement of implementation of the development strategy. These two components are complementary. Indeed, increasing internal resources under the project’s first component and more efficiently implementing the country’s development strategy under the second component will help to create favourable conditions for financing priority expenditure for the Comoros to gradually exit from its fragility situation. Specifically, the first component will create more budgetary leeway to finance the implementation of the development strategy, which pays special attention to the construction of core economic infrastructure. This will foster private sector development, which will create a dynamic economy leading to higher tax revenue. The project will be implemented over a period of 41 months (December 2015-April 2019) with an estimated cost, excluding taxes and customs duties, of UA 6 million.